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Possibly, although share price rises today may have been due to rumours of QE3, which have been dashed by Ben Bernanke this evening.

Jeff

Euler wrote:Based on the fact the press release has already been written today and the share price rose, I'd predict a favourable response by the city when the announcement officially comes out tomorrow.

Seemed like they were happy with the new PC. I guess people can expect some more tweaking of it in the future.

It had little impact in terms of behaviour changes with regards to the people it affected. I missed the slide but I think it said that it effected less than the 500 they said it would?

Only a few it sounded like had stopped using Betfair because of it. They can add me to that few in a few months.

I would guess the £250,000 will get revised down, surely they won't up from 60%. But looks like all the negative stuff from it has bugger all impact. Amount of bets was well up, in particular horse racing but I guess that wouldn't be hard when compared to last year given the distinct lack of racing there was last winter.

Betfair have fallen in to the trap of thinking that increasing their percentage to 60% will increase the total premium charge take but as with other forms of taxation it's never that simple.As we see here it drives people away or they look for ways round it.